13239 Manchester Rd - Retail FOR SALE
Des Peres, MO 63131 |
$4,364,000 USD
650-678-7200
13239 Manchester Rd
Des Peres, MO 63131
HIGHLIGHTS
- 13+ years remaining on absolute net ground lease featuring rental increases every 5 years throughout the base term and options
- Full-term corporate guaranty from SSE Holdings, LLC
- Tenant invested over $4M to construct the building ground up
- 2023 construction with drive-thru
- Shake Shack reported revenues of $1.45B in FY 2025, a 16% increase over the previous year
- Ultra high incomes – 1-mile average household incomes of $281K and exceeding $208K in a 3 & 5-mile radius
OVERVIEW
A 2023 construction Shake Shack with a drive-thru featuring a 15-year absolute net ground lease with rental increases every 5 years. The tenant spent over $4M to construct the building in Des Peres, a densely populated St. Louis suburb with ultra-high income demographics – $281K average household incomes within a 1-mile radius of the subject property.
FOR SALE DETAILS
PRICE
$4,364,000 USD
PRICE/SF
$1,264 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Shake Shack
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.49 AC
LAND SF
64,904 SF
ZONING
17C-5
APN/PARCEL ID
22O-41-0627
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650-678-7200
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650-678-7200
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